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Digest Magazine

V07: Iran Nuclear Deal A New Day in Global Governance

July , 2015

 

The historic agreement on the Iranian nuclear issue is an encouraging event for the development of China-U.S. relations, at a time when growing pessimism dominates American media and academic communities. Such cooperation between China and the U.S. will help improve the overall bilateral ties if the two countries forge practical collaboration on a number of the "global governance" issues.

In our cover story, Yang Jiemian, President Emeritus of Shanghai Institutes for International Studies, hails that the cooperation between China and the U.S. in the Middle East affairs reflects the potential for a “new model of major country relations.”

China’s A-share market has been extremely volatile in recent weeks, making headlines throughout the world. Chinese economist Yi Xianrong assures in his article, “After Corrections, China’s A-Shares Resurgent,” that the upswing in the Chinese stock market will continue in the second half of the year.

On the South China Sea issue, we selected articles by Wu Shicun, President of China Institute of South China Sea Studies; Doug Bandow, Senior Fellow at Cato Institute; and Joan Johnson- Freese, Professor at U.S. Naval War College. All three authors urge the decision-makers in both countries to try their best to prevent conflicts by avoiding miscalculation and misjudgment. Professor Johnson-Freese warns, “If one scorpion stings the other, both will die.” 

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  • China and the United States have more constructive interaction in the Middle East than in some other regions of the world.

    Yang Jiemian

  • The U.S. should understand and take into consideration Chinese concerns and interests in the South China Sea, honor its pledge of “neutrality” on the issue, restrain its close-in surveillance and reconnaissance flights against China, and prove with actions its claim that it has no intention to contain China with the South China Sea issue.

    Wu Shicun

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